New WorleyParsons subsidiary to advise companies on decision-making

28th November 2014

By: Zandile Mavuso

Creamer Media Senior Deputy Editor: Features

  

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The launch of multinational consulting services company WorleyParsons’ new global advisory business, Advisian, in sub-Saharan Africa, will see petrochemicals, hydrocarbons, mineral resources and oil and gas companies being advised on more prioritised decision-making for their business.

“Assisting companies with decision-making is premised on what is financially beneficial for the business and also the business’s qualitative aspects. As a result, when a company brings a business plan to us to review or we are asked to develop a business plan, we need to consider both the quantitative and the qualitative impacts of these decisions on what is best for all stakeholders concerned.

We refer to qualitative criteria being the likes of social, reputational, human resources and legal and the impact they would have on the business plan. This allows us to provide a collective solution for our clients,” says Advisian managing principal for sub-Sahara Africa Jason Duffin.

Advisian currently consists of 500 people globally. It was created by combining WorleyParsons’ advisory business, Evans & Peck, with specialists from enterprise risk and sustainability practice EcoNomics, and experts from recently acquired US-based management consulting firm MTG, which specialises in the oil and gas, petrochemicals and chemicals industries. New global CEO Dennis Finn, who has been hired from consulting firm PwC, heads Advisian.

“Advisian’s main point of difference is its offering of expert strategic advisers founded in engineering and possessing global real-world experience across asset portfolios,” explains Finn.


Advisian international business director Carl Scully points out that it is important to use knowledge and experience in delivering engineering services for clients; however, mixed with Advisian’s experienced and capable people with a strategic management consulting focus, the value proposition is even more compelling.

“Combining with the massive engineering capability from WorleyParsons, we have a very stable and strong management consulting firm that will provide all that the client requires,” he adds.

Duffin states that Advisian addresses the growing demand for advisory services for companies, especially after the 2008 global recession. As a result, Advisian can offer strategic and commercial understanding of some of the world’s most complex challenges in its core market.

Advisian will operate as a standalone business in the WorleyParsons group and provide business and asset advisory services for a range of sectors, including hydrocarbons, transport, utilities, social infrastructure and minerals, metals and chemicals.

“We are also working with public–private partnerships, where we assist local governments in decision-making [focused on] policy and the sector holistically. This has made us trusted advisers in both spheres as we provide solutions that would suit our clients,” notes Duffin.

Finn highlights that this is beneficial for the business, as, in the face of significant social, economic and environmental changes, the challenge for both government and business is to innovate and develop sustainable solutions that will rely on cutting-edge technical knowledge and experience.

Globally, Advisian was officially launched in October this year and has a worldwide reach, with employees based in Australia, Asia, the Americas, Europe, the Middle East and Africa.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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